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Baker Tilly: Honda allocation-area TIF collected $5.08M for pay 2025; pay 2026 projected near $5.6M
Summary
Baker Tilly presented the annual tax-increment-financing (TIF) report for Decatur County’s Honda allocation area, reporting $5,080,191 collected for pay 2025, projected pay 2026 revenues near $5.6 million, $5.9 million outstanding on Series 2008A bonds, and excess revenues split roughly 50/50 between city and county projects.
Kimber Majors of Baker Tilly told the Decatur County overlapping taxing districts at their annual meeting that the Honda allocation-area TIF performed in line with expectations: the firm estimated $5,080,080 for pay 2025 and recorded $5,080,191 in actual collections.
"What we estimated for pay 2025 was $5,080,080. And if you'll note, the actual 2025 collections were $5,080,191," Majors said, noting the close match as a positive sign for revenue forecasting.
The presentation reviewed recent trends and…
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